SEC Form 4 · accession 0001137789-16-000018
Seagate Technology Holdings plc · STX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Philip G Brace
Officer — President, CSSG
Period of report
Jul 25, 2016
Accepted (ET)
Jul 27, 2016 · 4:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001137789
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF1,F2 | Jul 25, 2016 | A | 16,250 | $0.00 | A | 31,665 | D | |
| Ordinary SharesF3,F2 | Jul 25, 2016 | A | 5,689 | $0.00 | A | 37,354 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On July 25, 2016, the Compensation Committee of the Board of Directors of the Issuer determined that the performance conditions were met with respect to 16,250 of the 65,000 Performance Share Units granted to Mr. Brace on October 21, 2014. The 16,250 Ordinary Shares will vest on September 2, 2016, subject to continuous service through such date.
- F2Includes 485 Ordinary Shares purchased by Reporting Person on January 29, 2016 under the Issuer's Employee Stock Purchase Plan. Such acquisition is exempt from reporting pursuant to Rule 16b-3 under the Securities Exchange Act of 1934.
- F3On July 25, 2016, the Compensation Committee of the Board of Directors of the Issuer determined that the performance conditions were met with respect to 5,689 of the 22,755 Performance Share Units granted to Mr. Brace on September 9, 2015. The 5,689 Ordinary Shares will vest on September 9, 2016, subject to continuous service through such date.